PSX_DLY:DFML   DEWAN FAROOQUE MOTORS LTD
🚀 Stock Alert: DFML

📈 Investment View: Technically Bullish 📈

🔍 Quick Info:
📈 Entry Range: 20.50-20.70
🎯 First Targets : 22
🎯 Second Targets : 23
⚠ Stop Loss: 20
⏳ Nature of Trade: Scalping
📉 Risk Level: Medium
☪ Shariah Compliant: NO
💰 Dividend Paying: NO
📰 Technical View: DFML has demonstrated a breakout above the 20 level, affirming strong bullish momentum in the recent trading session, culminating with a closing price of 20.76. This bullish sentiment is further substantiated by the RSI indicator. Accordingly, the initial upside target for DFML is established at 22, with a subsequent target at 23. Conversely, a notable support level is identified at 20. In the event of a breach and subsequent closure below this support level, it is advisable to employ a stop-loss strategy.
Trade closed: target reached
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